Construction equipment

Colombia construction equipment markets, 2022-2028 with Caterpillar, Komatsu and Volvo dominating and Chinese manufacturers such as SANY and XCMG gaining popularity

DUBLIN, June 13, 2022 /PRNewswire/ — The “Colombia Construction Equipment Market – Strategic Assessment and Forecast 2022-2028” report has been added to from ResearchAndMarkets.com offer.

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The Colombia The construction equipment market is expected to grow at a CAGR of 6.72% during the period 2022-2028

The report examines the current scenario of Colombia construction equipment market and market dynamics for the forecast period 2022-2028. It covers a detailed overview of several growth catalysts, restraints, and market trends. The study includes sales volume and value with industry analysis of Colombia construction machinery market.

In 2021, the earth-moving machinery segment held the largest share Colombia construction machinery market. Colombian government investments in infrastructure development projects including improved water drainage, renewable energy projects are expected to drive demand for excavators over other earthmoving equipment over the period forecast. The earth-moving machinery segment in Colombia is expected to grow at a CAGR of over 7% by 2028.

KEY POINTS

The construction industry was affected in 2020 as major infrastructure projects were halted to curb the COVID-19 outbreak. In Colombiathe demand for new construction equipment fell by 15.2% in the same year.

The Colombian government introduced a 5G infrastructure development program in 2021. The government planned to invest in road infrastructure (~60 billion), airport expansion projects ($5.7 billion), rail infrastructure ($3.4 billion) and port infrastructure ($433 million) in 2022. In 2022, the government proceeds with the new series of investments of $955.7 million for the construction of new highways between Sabana de Torres & Curumani, Puerto Salgar & Barrancabermeja and road improvement projects are planned between Buenaventura & Buga as well as Sabtuario & Cano Alegre.

In addition, the increase in mineral production and FDI inflows in the mining sector is having a positive impact on sales of construction equipment. Colombia The mining sector recovered by 15% in 2021 due to the sharp increase in the production of coal, gold and nickel in the country. FDI investment in the mining industry has been $2.7 billion in 2021.

The industry rebounded from a 26% decline in 2020 caused by the lockdown and reduced FDI inflows in $902 million. Growth in the mining industry due to increased FDI investment in the mining sector and increased production of gold, nickel and copper in 2022 triggers the demand for large excavators, backhoe loaders and of cranes on the Colombian market.

The increase in urban development and maintenance projects triggers the need for fuel efficient and flexible equipment. The government’s emphasis on road maintenance projects, municipality development and proper drainage system is driving the demand for flexible, low maintenance and fuel efficient equipment in the market.

Major OEMs in the country are expected to follow recent trends in construction equipment demand and focus on supplying fuel efficient and low maintenance equipment such as backhoe loaders, skid steer loaders, mini excavators in Colombia market.

VENDOR LANDSCAPE

Caterpillar, Komatsu and Volvo hold the largest market share Colombia construction machinery market. Chinese manufacturers such as SANY & XCMG are gaining popularity recently due to their low prices compared to other manufacturers.

Main suppliers

  • caterpillar

  • Volvo construction equipment

  • Komatsu

  • SANY

  • JCB

  • Liebherr

  • Xuzhou Construction Machinery Group Co.Ltd. (XCMG)

  • Hyundai construction equipment

Other Important Suppliers

  • Kobelco

  • Terex Company

  • CASE Building

  • Yanmar manufactures

  • LiuGong

Distributor Profiles

WHY SHOULD YOU PURCHASE THIS REPORT?

This report is among the few on the market to offer an analysis of prospects and opportunities in terms of:

  • Colombia Construction Equipment Market Size and Forecast Volume (Unit Sales) 2019-2028

  • Earthwork. Material handling and road construction

  • Excavators, backhoe loaders, cranes, forklifts

  • End users (construction, mining, manufacturing and other industries)

  • Colombia Construction Equipment Market Size and Forecast Value (USD) 2019-2028

  • Earthwork. Material handling and road construction

  • Excavators, backhoe loaders, cranes, forklifts

  • End users (construction, mining, manufacturing and other industries)

  • Main current and future projects and investments

  • Get competitive intelligence on economic scenario, advantages in Colombia major projects and investments, dynamics and market share.

  • Examples of the latest technologies.

  • Get a presentation-ready format and easy-to-interpret data.

  • Enable decision makers to make informed and profitable choices

  • Get expert quantitative and qualitative analysis on incremental value/volume growth projections

  • Complete supply chain analysis

  • Get COVID-19 market impact analysis

  • Supplier Capability Matrix

  • Company profile of sellers and distributors

Main topics covered:

Chapter 1 Overview

Section 2 Market Overview

Section 3 Market Landscape

  • Colombia Construction Equipment Market by Type (Volume & Value)

  • earthmoving equipment

  • Excavators

  • Backhoe loaders

  • Graders

  • Other earthmoving equipment (other loaders, bulldozer, trencher, etc.)

  • Handling equipment

  • cranes

  • Forklift and telehandler

  • Aerial platform (articulated platforms, telescopic platforms, scissor lifts, etc.)

  • road construction equipment

  • road roller

  • asphalt paver

  • Colombia Construction Equipment Market by End User (Volume & Value)

  • Construction

  • Manufacturing

  • Mining

  • Others (power generation, municipal utilities, oil and gas, cargo handling, power plants, waste management, etc.)

Section 4 Market Dynamics

  • Market Drivers, Restraints, Trends, Colombia Advantage, Key Economic Regions, Import/Export Trends, Supply Chain Analysis, Impact of Covid-19

Section 5 Technological Development

Section 6 Competitive Landscape

  • Overview of the competitive landscape

  • Main suppliers (Caterpillar – Volvo Construction Equipment – Komatsu Colombia SAS – Sany Colombia SAS – Jcb – Liebherr Colombia – Terex Corporation Colombia – Hyundai Construction Equipment – Xcmg – Kobelco – Liugong – Yanmar – Case)

  • Other Important Suppliers

  • Distributor Profiles

Section 7 Quantitative Summary

Article 8 Summary of the report

  • key ideas

  • Abbreviations

  • List of graphics

  • List of paintings

Section 9 Scope and definition of the report

For more information about this report visit https://www.researchandmarkets.com/r/fqgys4

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